TEAGUE AJ 4

4 · ENTERPRISE PRODUCTS PARTNERS L.P. · Filed Feb 10, 2026

AI-generated summary of this filing

Updated Feb 10, 2026

Enterprise Products (EPD) CEO AJ Teague Receives 295,000 Phantom-Unit Award

What Happened

AJ Teague, CEO of Enterprise Products Partners L.P. (EPD), received a grant of 295,000 derivative units (phantom units) on February 10, 2026. The award was granted at $0.00 per unit (no cash paid) and is reported as Transaction Code A — a grant/award under Rule 16b-3(d).
These are phantom units (economic equivalents of common units) that will convert into EPD common units upon vesting and settlement — i.e., they are not immediate open-market purchases or sales.

Key Details

Transaction date: 2026-02-10; Filing date/Period of Report: 2026-02-10 (timely filing).
Units granted: 295,000 phantom units; Price per unit: $0.00; Total cash exchanged: $0.
Shares owned after transaction: not specified in the filing.
Notable footnotes: F2 confirms each phantom unit equals the economic equivalent of one EPD common unit. Footnotes F3–F7 describe possible vesting schedules (remaining annual installments beginning Feb 16, 2026 or Feb 16, 2027, with one- to four-year installment structures) that govern when and how phantom units will vest and be settled for common units.
Form signed under a power of attorney on file (F8).

Context

This is a standard equity compensation award to an executive, not a market purchase or sale; such grants are routine for executive compensation and do not by themselves signal a buy or sell action. Upon vesting and settlement, the phantom units will convert to an equal number of EPD common units (per the footnotes).

Form 4

Period: 2026-02-10

DirectorCO-CHIEF EXECUTIVE OFFICER

Transactions

Award
Phantom Units
[F2][F7][F8]
2026-02-10+295,000→ 295,000 total
→ Common Units (295,000 underlying)

Holdings

Common Units Representing Limited Partnership Interests
[F1]
2,908,860
Common Units Representing Limited Partnership Interests
(indirect: By Trust)
74,911
Common Units Representing Limited Partnership Interests
(indirect: By Spouse)
41,155
Common Units Representing Limited Partnership Interests
(indirect: By Children)
6,060
Phantom Units
[F2][F3]
→ Common Units (66,250 underlying)
66,250
Phantom Units
[F2][F4]
→ Common Units (150,000 underlying)
150,000
Phantom Units
[F2][F5]
→ Common Units (232,500 underlying)
232,500
Phantom Units
[F2][F6]
→ Common Units (275,000 underlying)
275,000

Footnotes (8)

[F1]Includes common units acquired under the issuer's employee unit purchase plan.
[F2]Each phantom unit is the economic equivalent of one EPD common unit.
[F3]These phantom units vest in one remaining annual installment on February 16, 2026. The remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
[F4]These phantom units vest in two remaining equal annual installments beginning on February 16, 2026. Each remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
[F5]These phantom units vest in three remaining equal annual installments beginning on February 16, 2026. Each remaining annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
[F6]These phantom units vest in four equal annual installments beginning on February 16, 2026. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
[F7]These phantom units vest in four equal annual installments beginning on February 16, 2027. Each annual installment will expire upon vesting and settlement thereof in exchange for an equal number of EPD common units.
[F8]The power of attorney under which this form was signed is on file with the Commission.

Signature

/s/Jennifer W. Dickson, Attorney-in-Fact on behalf of A. James Teague|2026-02-10

1 file